In 2016, Shenzhen Wanda Jie Environmental Protection New Materials Co., Ltd. invested in and established a wholly-owned subsidiary, Guangdong Chongxi Environmental Protection Technology Co., Ltd., in the Shenzhen-Shanwei Special Cooperation Zone, with a registered capital of 38 million yuan. Guangdong Chongxi Environmental Protection Technology Co., Ltd. purchased 66,880 square meters of industrial land and invested 280 million yuan to build the 100,000-square-meter Chongxi Environmental Protection Industrial Park, which has now been fully completed and put into production, becoming a production base for Shenzhen Wanda Jie Environmental Protection New Materials Co., Ltd. Leveraging its leading technological strength and industry influence, the company has become a national high-tech enterprise, vice chairman unit of the China Plastics Association Biodegradable Plastics Association Professional Committee, member of the National Standardization Technical Committee for Bio-based Materials and Degradable Products, and member of the National Standardization Technical Committee for Food Contact Materials and Products, becoming a leader in the green and environmentally friendly packaging industry.